LIC to Hyundai Motor India: A look at how big-ticket IPOs have fared as ₹11,327-crore issue of Swiggy opens for bidding

The ₹11,327.43-crore initial public offering of food delivery major Swiggy Limited opened for subscription on Wednesday, November 6. The IPO was off to a slow start as the issue was subscribed only 11% till 3:30 PM on the first day of bidding. Retail investors showed some interest in the public offer by booking their quota 49%, but the institutional and non-institutional investors have shown a lukewarm demand so far.

Life Insurance Corporation of India (LIC), Paytm, Coal India, Reliance Power and Zomato are among the other mega IPOs in India.

Here is a look at India’s mega IPOs and how they performed after listing.

Hyundai Motor India IPO

Hyundai Motor made a weak debut on the stock exchanges on October 22 listing at ₹1,931 apiece on the BSE against the issue price of ₹1,960. On the NSE, the stock also opened at a discount of 1.32% at ₹1,934 apiece.

The stock gave negative returns of over 7% on the listing day. HMIL shares are still trading below the issue price at ₹1,854.7 apiece on NSE. The stock hit an all-time low of ₹1,752 per share on October 29.

Coal India IPO

Coal India shares are currently trading above the issue price at ₹432.3 per piece on the NSE. The stock has gained over 76% so far compared to the IPO price.

Life Insurance Corporation IPO

The insurance giant, however, made a weak debut with shares listing at a discount of more than 8% against the issue price of ₹949 per share. The stock gave negative returns of 7.7% on the listing day. LIC shares hit a 52-week high of ₹1,222 apiece in August 2024. The stock is currently trading below the issue price at ₹934 apiece on the NSE.

Zomato IPO

The ₹9,375 crore initial public offering of Zomato Ltd was subscribed 38.25 times. On July 23, 2021, the company's shares debuted on the NSE at ₹116 against the issue price of ₹76, reflecting a listing gain of 52.6%.

The stock has since risen 236.5% to ₹255.8 from the issue price.

Paytm IPO

However, Paytm shares listed at a discount of 9% on November 18 on stock exchanges, giving negative returns. IPO investors have suffered losses as the stock is trading sharply lower at ₹779 against the issue price of ₹2,150 per share.

Reliance Power IPO

Reliance Power shares have lost over 90% so far compared to the issue price. The stock is currently trading at ₹41.93 apiece on the NSE.

SBI Cards and Payment Services IPO